In the outside markets, the NYMEX crude oil is $0.04 per barrel higher, the dollar is lower and the Dow Jones Industrials are 66 points higher.

Ken Smithmier, The Hightower Report ablest, says that better-than-expected rainfall in the northern tier of the Corn Belt triggered some profit taking and lower trade in corn today.

"The forecast into next week remains warm and dry which will keep the downside limited. December corn futures are likely to trade in a wide range until the market has a better handle on the broader production outlook although market fundamentals and sentiment lean bearish," he says.

chad borman 08/22/2013 @ 3:16pm
oh halleluiah some rain the drought is over the crops are saved,oh wait its to late if you had any farm experience you would know that,idiots. kinda ironic a certain someone is back this week and prices are going down.